Equity benchmarks extended previous day’s losses in opening trade Wednesday, tracking weakness in Asia.
The 30-share BSE Sensex was down 91.45 points at 31,922.74 and the 50-share NSE Nifty fell 34.40 points to 9,944.15.
Nifty Bank was down 0.5 percent as Yes Bank, ICICI Bank, Bank of Baroda and Axis Bank were under pressure.
Nalco, Hindalco Industries and Vedanta gained up to 3 percent.
PVR, Endurance and Meghmani Organics gained up to 3 percent post earnings while HPCL, HDIL, Sintex Industries, JP Associates, HCC, Suzlon Energy and Balrampur Chini fell up to 10 percent.